Temenos (SIX: TEMN), the market-leading provider of mission-critical solutions to the financial services industry, today announces the expansion of its cloud-based services in Mexico with the launch of the T24 country Model Bank for Mexico in the Microsoft Azure cloud.

MasterCard and Microsoft announced a partnership to promote economic development in Mexico by supporting the base of the economy, the micro merchant, through comprehensive projects and innovative solutions in information technology, communication and payments.

The call for cost-reducing and waste-cutting technologies in government has never been louder, with mandates to find efficiencies and streamline processes within the public sector coming all the way from the top.